Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[zazzbg1]

Watching the Bitstamp order book, just minutes ago we had around $30M in buy orders, now suddenly I see $50M+ again?
Can someone explain?  
https://i.imgur.com/fXPAnZN.png

Is this a genuine question?  
You can have money on an exchange without having outstanding orders, so that money can be used to make new orders...

Yeah, I get that, but how all of the sudden, in literally 5 minutes, people decide to put $20M+ in buy orders? That's what I am curious about.

[crypmike]

[infofront]

One question. What is must be bitcoin value to bring bitcoin miners any profit? Now I feel they are loosing right?

Bitmex recently put out something that showed the breakeven mining point at around $3,500 or so.

[JayJuanGee]

What's your opinion on this?

To much cursing?

Also, too much ALL CAPS.. so tldr.. and the person who originally posted this (ninobtcx) should have told us what his/her opinion is/was rather than expecting folks in this thread to actually read and digest such information as if it might possibly mean something, perhaps?

[Spaceman_Spiff_Original]

Watching the Bitstamp order book, just minutes ago we had around $30M in buy orders, now suddenly I see $50M+ again?
Can someone explain?  

Is this a genuine question?  
You can have money on an exchange without having outstanding orders, so that money can be used to make new orders...

Yeah, I get that, but how all of the sudden, in literally 5 minutes, people decide to put $20M+ in buy orders? That's what I am curious about.

Ah ok, Big-ass whale maybe?
Technically that number doesn't really say at what prices the orders are being set, so if somebody adds 20M in orders for 10 USD/BTC, that doesn't much for us.
Of course you can look at the graph, but I don't know how that evolved.

[FractalUniverse]

WTF? Down 15% in 24 hours.... and people still selling.....?

....am I missing something? Is this just gonna back to double or single digits?

i dont think that many people are selling voluntarily.its more like they have to sell or are forced to sell by margin calls

anyway, we could still see some support around this level in following days. but after today's action, i dont expect more than $500-1000 rebound before retesting low once more   [i hope im wrong as usual and we will bounce above 6k with force ]

[rolling]

One question. What is must be bitcoin value to bring bitcoin miners any profit? Now I feel they are loosing right?

Someone posted a chart yesterday where average mining cost was ~$3200, so I guess they're still profiting. Depends where you mine and buy your electricity of course.

That is the electricity only cost of producing a bitcoin if you are paying ~$0.05 per kWh and doesn't include the cost of air conditioning, facilities, employees, or return on capital. Electricity is probably only 50% of the true cost of running a profitable mining business.

[fabiorem]

I just want to know, how can I make a new address in bitcoin-qt 0.17.0?

My order got executed, but I need a new address to send the money.

I don’t know. But if you want, I can give you one of mine to use.

I dont have Pepes to send to you.

Also, bitcoin is under attack. I accessed a old wallet and its showing values from one year ago, whereas it should be empty.

[Stevenirving]

This is one hard decision point. When do I put down the last of my coin investment fiat that I have waiting. This seems like such an easy moment to profit. It is obscene. Anyone who has been here since the start knows this as well. What moron really believes the coin is worth long term this price or less? I call this guaranteed earnings on ever dollar of coin I buy. Though I am greedy and want to wait for the best moment to go all in  

[bikerleszno]

One question. What is must be bitcoin value to bring bitcoin miners any profit? Now I feel they are loosing right?

Someone posted a chart yesterday where average mining cost was ~$3200, so I guess they're still profiting. Depends where you mine and buy your electricity of course.

That is the electricity only cost of producing a bitcoin if you are paying ~$0.05 per kWh and doesn't include the cost of air conditioning, facilities, employees, or return on capital. Electricity is probably only 50% of the true cost of running a profitable mining business.

Still how much is taking one device to produce 1 bitcoin?

[JayJuanGee]

Can't make out the numbers, but... does this projection place the local low in the 1.5k area?

3k. The last bear trap before the jump to 20k.

I could probably just about mentally cope with a drop to 3k as long as that was the absolute bottom. If we drop to depths of 1k or similar I’m going to feel physically sick.

Gotta agree with you on that one.  Sometimes, it will become difficult to go out there and buy BTC, even though price would justify it... but it would be quite a BIG deal to have either level of correction, even though the $3k one would be more tolerable (even while it would be disappointing, at the same time). 

[JayJuanGee]

Fucking amazing man

yeah i do like the HAT

gonna make some t-shirts as well .... little personal BTC related gear and not the already usual shit with BTC logo that everybody got....

this kind of +points of my personal crypto sphere are good to fight my personal bitterness of the current DIP's and keeping my mind on the end goal

mass useage of BTC and green everywhere

The only way that you could actually do all of this stuff that you proclaim is to have a micgoosen marketing team, so maybe you should discontinue acting as if you are merely one person and what you do and say are from just one person (implying a real person).       

[gembitz]

 

ALL ABOARD!!!

[dutchlincoln]

Well, i have to admit that it frustrates the crap out of me... I keep on mining and mining, and now this happens again.
I've been holding almost everything i mined past year, but i wanted to take some little profit this December and have a nice happy month with kids and family. It bothers me highly that 2 idiots fighting over their hardfork drilled this away for me, and probably a lot of others.
I know, nobody can help anything about this, and sure, this is a nice time to buy, but right now i really need my fiat, as i can't count on my btc's... No fiat left to spend anymore...  

[El duderino_]

Fucking amazing man

yeah i do like the HAT

gonna make some t-shirts as well .... little personal BTC related gear and not the already usual shit with BTC logo that everybody got....

this kind of +points of my personal crypto sphere are good to fight my personal bitterness of the current DIP's and keeping my mind on the end goal

mass useage of BTC and green everywhere

The only way that you could actually do all of this stuff that you proclaim is to have a micgoosen marketing team, so maybe you should discontinue acting as if you are merely one person and what you do and say are from just one person (implying a real person).       

haha LoL nice you say that cause i'm ALL alone
and took 15minutes so not so much of time .... i would like a micg team
but got all the possible minds and back up in THE WO

WHAT of a team would XhomerX be working with

[El duderino_]

[sirazimuth]

-honey badger  got eaten by a bear
-is crypto dead?
-the next 24 hours are critical
-not gentlemen
-oh noes... my bitcorns
-btfd
-<meme of man jumping out window>
-not lamb chops
-stolfi or wtf his name was...
-<meme of crashing train>
-<meme of roller coaster down>
-<meme of bawling girl>
-<meme of wile e coyote crashing rocket>
-resident troll creaming his jeans
-lots of mcg posts
-wordyman
etc
etc
etc...(and hats)

[goldkingcoiner]

Anyone who sells beyond this point is going to cry.

People have been saying the same thing since 15k

Show me those people? Everyone here with a brain understood that after a pump to 20k it will come down to at least 6-8k with dips even lower.

Everyone in the thread claimed it was going to go from $20k to $100k except me + tera.

It is. If you hodl for years. That time is still coming and most experienced coiners know it. But any trader understands that what goes up must go down. And these ups and downs take a long time. Most people think bitcoin is something that will go from $1 to 20k and then down to 5k and back up to 100k in a week. But thats not how it works. Not even Bitcoin is that volatile. Sit on your shakey hands for now.

For bitcoin to just skyrocket to $100k for no reason, it would require being created by the evil cult of judaism as some type of enslavement device to fuck over the goyim.  But there's a decent amount of evidence that is the case such as evil Jews like Larry Summers and Ben Bernanke promoting digital currency, democrat lawmakers passing pro-cryptocurrency laws, and just about nobody in US govt actively trying to stop it, so maybe you're in luck.

The art of Tai-Chi is to anticipate your opponents next move and use his own power against him. Has Yuri Bezmenov taught you nothing?

In other words, you are literally Judas and will lie and shill for the Chinese social credit score system as long as you think you can profit from it then flee the country before everyone is rounded up and dies, except for the fact there is nowhere to actually run to in the first place.

You're pathetic roach. They have the most powerful military in the world under their little finger and control the media and pretty much all big businesses. If anything, hats off to the jews. Great job on being the only people close to world domination in this game of life we all play. And what do you do? You throw a hissy fit and whine. while the rest of us keep playing the game. You, just like the leftist liberals, have this grand illusion of how the world should be. Well here's the rub, bub. Reality is tough. It is a dog eat dog world and you are the shittiest member of our team. You are the fat kid nobody wants to pick for basketball because all you do is whine about the rules and drag the rest of the team down. I studied physics at university, I keep in shape, I keep myself at the top of the food chain. Physically, mentally and financially. What the fuck have you done in your life except borrow the success of the white race as your own?

[El duderino_]

^^
indeed al in a nutshell

saves all our posts

[Kylapoiss]

You're pathetic roach. They have the most powerful military in the world under their little finger and control the media and pretty much all big businesses. If anything, hats off to the jews. Great job on being the only people close to world domination in this game of life we all play. And what do you do? You throw a hissy fit and whine. while the rest of us keep playing the game. You, just like the leftist liberals, have this grand illusion of how the world should be. Well here's the rub, bub. Reality is tough. It is a dog eat dog world and you are the shittiest member of our team. You are the fat kid nobody wants to pick for basketball because all you do is whine about the rules and drag the rest of the team down. I studied physics at University, I keep in shape, I keep myself at the top of the food chain. Physically, mentally and financially. What the fuck have you done in your life except borrow the success of the white race as your own?

Well said Sir, merit given.